Fox Run Management L.L.C. Makes New Investment in Acadia Realty Trust (NYSE:AKR)

Fox Run Management L.L.C. bought a new stake in Acadia Realty Trust (NYSE:AKR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,673 shares of the real estate investment trust's stock, valued at approximately $330,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Intech Investment Management LLC grew its stake in Acadia Realty Trust by 99.0% in the 3rd quarter. Intech Investment Management LLC now owns 26,845 shares of the real estate investment trust's stock valued at $630,000 after purchasing an additional 13,353 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Acadia Realty Trust by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,930,601 shares of the real estate investment trust's stock worth $45,331,000 after buying an additional 83,180 shares during the last quarter. Citigroup Inc. grew its position in Acadia Realty Trust by 16.3% during the third quarter. Citigroup Inc. now owns 153,764 shares of the real estate investment trust's stock valued at $3,610,000 after buying an additional 21,532 shares during the period. Daiwa Securities Group Inc. increased its holdings in Acadia Realty Trust by 8.7% during the third quarter. Daiwa Securities Group Inc. now owns 35,174 shares of the real estate investment trust's stock worth $826,000 after buying an additional 2,810 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Acadia Realty Trust by 7.7% in the third quarter. The Manufacturers Life Insurance Company now owns 56,746 shares of the real estate investment trust's stock worth $1,332,000 after acquiring an additional 4,049 shares during the period. 97.65% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Acadia Realty Trust

In other news, EVP Jason Blacksberg sold 30,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.83% of the company's stock.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR traded down $0.12 during midday trading on Friday, hitting $21.00. The company's stock had a trading volume of 883,753 shares, compared to its average volume of 1,050,278. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 116.68, a P/E/G ratio of 6.09 and a beta of 1.49. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $22.64 and a 200 day moving average price of $23.58. Acadia Realty Trust has a one year low of $16.14 and a one year high of $26.29.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. Acadia Realty Trust had a net margin of 5.74% and a return on equity of 0.88%. On average, research analysts forecast that Acadia Realty Trust will post 1.34 EPS for the current fiscal year.

Acadia Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 3.81%. This is an increase from Acadia Realty Trust's previous quarterly dividend of $0.19. Acadia Realty Trust's dividend payout ratio (DPR) is currently 444.44%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AKR shares. StockNews.com downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, December 2nd. Truist Financial increased their price objective on Acadia Realty Trust from $23.00 to $27.00 and gave the company a "hold" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $23.00.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.